Lincotrade & Associates Holdings (SGX:BFT) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Lincotrade & Associates Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Lincotrade & Associates Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Lincotrade & Associates Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.02). It may suggest that Lincotrade & Associates Holdings is progressively becoming less dependent on debt to grow their business.

Lincotrade & Associates Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lincotrade & Associates Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lincotrade & Associates Holdings LT-Debt-to-Total-Asset Chart

Lincotrade & Associates Holdings Annual Data

Trend

Mar14

Mar15

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Mar17

Mar18

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Mar20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Lincotrade & Associates Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.07	0.01	0.02

Lincotrade & Associates Holdings LT-Debt-to-Total-Asset Calculation

Lincotrade & Associates Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.159	/	35.079
	=	0.00

Lincotrade & Associates Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.902	/	42.667
	=	0.02

Lincotrade & Associates Holdings (SGX:BFT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Lincotrade & Associates Holdings (SGX:BFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lincotrade & Associates Holdings Ltd (SGX:BFT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

39 Sungei Kadut Loop, Singapore, SGP, 729494

Website

https://www.lincotrade.com.sg

Lincotrade & Associates Holdings Ltd specializes in interior fitting out services, additions and alterations ("A&A") works, and other building construction services. Its segments include commercial premises, such as offices, hotels, shopping malls, and food and beverage establishments; residential premises such as condominium developments; and show flats and sales galleries. The company generates the majority of its revenue from commercial premises. Geographically the company operates in Singapore.